JS Global Lifestyle Co Stock (OTC: JGLCF)

Latest news for JS Global Lifestyle Co (OTC:JGLCF) Stock

JS Global Lifestyle Co Ltd is an investment holding company. Its operating segment includes Joyoung and SharkNinja. The company generates maximum revenue from SharkNinja segment. Its SharkNinja segment is involved in the design, marketing, manufacture, export, import, and distribution of a full range of floor care products, hard-surface steam cleaning products and small kitchen appliances products. Its Joyoung segment is involved in the design, manufacture, marketing, export and distribution of small kitchen electrical appliances. The company earns majority of its revenue from SharkNinja segment.

JS GLOBAL LIFESTYLE CO by JS GLOBAL LIFESTYLE CO LTD.

JS Global Lifestyle Co Ltd

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares are trading higher by 2.21% to $933.58 during Wednesday&#8217;s session. JPMorgan analyst Doug Anmuth raised his price target on the streaming giant from $850 to $1,010.
What To Know: JPMorgan is raising their subscriber growth estimates for the fourth-quarter and beyond, driven by strong content, organic growth and an expanding ad-supported tier. 
Data from Sensor Tower highlights a sharp improvement in global downloads and daily active users, fueled by popular events like the <a href="https://www.benzinga.com/general/sports/24/11/42042640/netflix-crash-hits-jake-paul-mike-tyson-fight-can-streaming-platform-handle-christmas-day-nfl-action">Jake Paul vs. Mike Tyson boxing match</a>, the most streamed sporting event ever with 60 million households tuning in live.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42436676/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut">Inflation Rises As Expected In November, Sustains Hopes For December Interest Rate Cut</a>
For the fourth-quarter, Netflix's subscriber additions are forecasted at 10 million, surpassing its third-quarter performance and near the low end of investor expectations exceeding 10 million. The platform's ad-supported tier is also gaining traction, with 70 million monthly active users, expected to grow to 120 million by the end of 2025. 
JPMorgan additionally says live sports events, including upcoming <a href="https://www.benzinga.com/general/sports/24/12/42354185/nfl-games-set-thanksgiving-day-records-why-this-is-good-and-bad-news-for-streaming-giant-netflix">Christmas Day NFL games</a>, are enhancing ad monetization and subscriber engagement.
Per JPMorgan, revenue projections for 2025 suggest 15.3% growth on a currency-neutral basis, bolstered by pricing adjustments and ad-tier adoption. Operating income margins are anticipated to expand to 28.4%, with free cash flow reaching $9.3 billion. Content investments, including marquee titles like Squid Game and Stranger Things, are also expected to continue to drive engagement and retention.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/12/42436387/macys-lowers-annual-profit-forecast-amid-accounting-misstep-stock-tumbles">Macy&#8217;s Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles</a>
<h2 class="wp-block-heading">How To Buy NFLX Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Netflix&#8217;s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NFLX has a 52-week high of $935.47 and a 52-week low of $459.20.

News

NFLX

Why Netflix Stock Is Rising

WIIM

SMMT

Summit Therapeutics shares are trading higher after Wells Fargo initiated coverage on the stock with an Overweight rating and announced a $30 price target.

On Wednesday, Patient Square Capital, a healthcare investment firm, agreed to acquire Patterson Companies, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>), a dental and animal health product distributor, for <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42433177/patterson-companies-announces-definitive-agreement-to-be-acquired-by-patient-square-capital-for-31" rel="noreferrer noopener">approximately $4.1 billion</a>.
Under the terms of the agreement, Patterson shareholders will receive $31.35 in cash per share, representing an approximately 49% premium to Patterson&#8217;s 30 calendar-day volume-weighted average price (VWAP) ending December 4, 2024 (the last trading day before Patterson announcing the evaluation of strategic alternatives).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40601262/patterson-ceo-blames-q1-drag-on-change-healthcare-cyberattack-timing-of-corporate-expenses" rel="noreferrer noopener">Patterson CEO Blames Q1 Drag On Change Healthcare Cyberattack, &#8216;Timing Of Corporate Expenses&#8217;</a>
During its second-quarter earnings release, the company announced it is exploring strategic options, including a sale or merger,&nbsp;<a target="_blank" href="https://www.benzinga.com/24/12/42342667/dental-supplies-patterson-companies-evaluates-strategic-alternatives-after-mixed-q2-earnings-amid-challenging-end-market-environment" rel="noreferrer noopener">to boost shareholder value</a>.
Earnings were mixed, &#8220;given the challenging end market environment,&#8221; said Patterson CEO&nbsp;Don Zurbay.
The company&#8217;s Board of Directors, excluding Zurbay given his position as a Management Director, has unanimously approved the transaction.
Consistent with the Patterson Companies&#8217; commitment to strong governance practices, Zurbay has recused himself from participating in any deliberations or approvals related to the transaction.
The transaction will be financed through a combination of committed equity financing.
The transaction is expected to close in the fourth quarter of Patterson&#8217;s fiscal 2025
Upon completion of the transaction, Patterson will become a privately held company, and its common stock will no longer be traded on the NASDAQ.
Patterson will maintain its headquarters in St. Paul, Minnesota.
Price Action: PDCO stock is up 34.8% at $31.15 at the last check on Wednesday.
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<li><a href="https://www.benzinga.com/news/earnings/24/12/42436387/macys-lowers-annual-profit-forecast-amid-accounting-misstep-stock-tumbles" target="_blank" rel="noreferrer noopener">Macy&#8217;s Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles</a></li>
</ul>

Health Care

Movers

Trading Ideas

General

PDCO

Dental Product Supplier Patterson Companies Goes Private In $4.1 Billion Deal

Wells Fargo analyst Larry Biegelsen maintains Glaukos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GKOS#NYSE">GKOS</a>) with a Overweight and raises the price target from $145 to $153.

Price Target

Analyst Ratings

GKOS

Wells Fargo Maintains Overweight on Glaukos, Raises Price Target to $153

Match Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) faces high expectations for its first investor meeting on Wednesday as Wall Street awaits its turnaround plan to check <a href="https://www.benzinga.com/topic/tinder">subscriber loss at Tinder.</a>
Match has been attempting a turnaround since 2023, including a marketing campaign, updating the Tinder app interface, and expanding safety features. However, the initiatives failed to move the needle for the company, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-10/match-faces-high-bar-for-turnaround-as-activist-threat-looms?srnd=phx-technology&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42369266/meta-reddit-stocks-climb-record-highs-as-tiktoks-battle-against-us-ban-continues-after-court-ruling" rel="noreferrer noopener">TikTok Loses Court Appeal Against Ban, Meta, Reddit Stocks Hit All-Time High</a>
In November, Match&#8217;s dismal outlook after some new features could not deliver results added to the company&#8217;s woes.
JPMorgan analyst&nbsp;Cory Carpenter and Evercore ISI&#8217;s Robert Coolbrith told Bloomberg they expect a credible strategy to stabilize Tinder&#8217;s trends.
Previously, Starboard Value had&nbsp;proposed a sale&nbsp;lest it fail to accomplish a turnaround. Frequent management changes since 2016 and a lack of meaningful product innovation at Tinder led to a $41 billion loss in Match&#8217;s capitalization since its 2021 peak. Three activists, <a target="_blank" href="https://www.benzinga.com/news/24/11/41997224/elliott-investment-management-adds-to-southwest-western-digital-etsy-match-group-trims-bill-holdings-seadrill-blackline-nrg-energy-in-q3" rel="noreferrer noopener">including&nbsp;Elliott Investment Management LP</a>&nbsp;and&nbsp;Anson Funds Management LP, have taken stakes in the firm since 2023.
Previously, Starboard recommended the firm buy back shares using its free cash flow.
In addition, analysts seek a growth strategy from Hinge.
In September, JPMorgan analysts said they expect <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40705817/tinder-finds-its-groove-bumble-fumbles-as-online-dating-sector-sees-mixed-q2-result" rel="noreferrer noopener">online dating trends</a> to recover in the fourth quarter of 2024 and return to high-single-digit (HSD) growth in 2025. They also expected Tinder to step up its game.
However, they also flagged the intense need for innovation.
Also, in September, Keybanc&#8217;s Justin Patterson downgraded Bumble Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) rating, citing weak app store data indicators. The analyst flagged a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41074883/is-bumble-an-acquisition-target-analyst-highlights-match-as-likely-suitor-amid-regulatory-concer" rel="noreferrer noopener">potential acquisition by Match</a>.
Price Action: MTCH stock is down 3.4% at $31.92 at last check Wednesday.
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42369000/booz-allen-and-palantir-partner-to-drive-us-defense-operations" target="_blank" rel="noreferrer noopener">Booz Allen and Palantir Partner To Drive US Defense Operations</a></li>
</ul>
Photo: Stokkete/Shutterstock.com

Media

BMBL

MTCH

Match Group Faces Investor Scrutiny Over Tinder Woes, Hinge Expansion Plans

RDDT

Reddit shares are trading higher after Wells Fargo initiated coverage on the stock with an Overweight rating and announced a $206 price target. Also, Needham and Baird raised their respective price targets on the stock.

Biotech

Lynparza Shows Significant Survival Benefit In Early Breast Cancer In OlympiA Phase III Trial; Reduces Risk Of Death By 28% And Recurrence By 35% At Six Years, Becoming First PARP Inhibitor To Improve Survival In Early Breast Cancer

Wells Fargo analyst Larry Biegelsen maintains Pulmonx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNG#NASDAQ">LUNG</a>) with a Equal-Weight and lowers the price target from $10 to $8.

LUNG

Wells Fargo Maintains Equal-Weight on Pulmonx, Lowers Price Target to $8

Best Buy Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) short percent of float has fallen 17.52% since its last report. The company recently reported that it has 11.55 million shares sold short, which is 6.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.36 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Best Buy Co Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733930121_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Best Buy Co has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Best Buy Co's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Best Buy Co's peer group average for short interest as a percentage of float is 3.94%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Best Buy Co?

Tesla, ever the ambitious innovator in tech, introduced a new job opportunity earlier this year that captured the public's attention: Data Collection Operator, Tesla Bot, as listed on LinkedIn. This new position aimed to advance <a href="https://www.benzinga.com/tech/24/11/41834327/elon-musk-reveals-toughest-part-of-building-teslas-humanoid-robot-improving-the-design-of-optimus-for-ease-of-manufacturing">Tesla's humanoid robot</a>, Optimus. While the role promised competitive pay – potentially reaching $7,500 a month – it came with unique physical demands, including walking for hours in a motion-capture suit.&nbsp;
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<h2 class="wp-block-heading">A Job Like No Other</h2>
The Data Collection Operator role is meant to help gather critical data to train and improve Tesla's Optimus robot. Applicants must wear motion-capture suits and virtual reality (VR) headsets, performing specific movements and actions as part of testing. The on-site position is based in Palo Alto, California and their LinkedIn job posting listed tasks like:&nbsp;
<ul>
<li>Walking predetermined routes for over seven hours daily.</li>
<li>Operating and debugging equipment used for data collection.</li>
<li>Providing feedback on equipment performance.</li>
<li>Writing detailed daily reports based on observations.</li>
</ul>
A variety of shifts were available, spanning early mornings, evenings and even overnight, with weekend availability often required.
See Also: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<h2 class="wp-block-heading">Physical Requirements</h2>
The job wasn't for the faint of heart – or body. Candidates needed to meet strict physical criteria, such as:
<ul>
<li>Walking over seven hours a day while carrying up to 30 pounds.</li>
<li>Standing, stooping, bending and crouching regularly.</li>
<li>Wearing VR headsets for extended periods, which could cause discomfort or VR sickness for some.</li>
<li>Tesla also specified a height range of 5&#8217;7&#8243; to 5&#8217;11&#8221; to ensure the proper fit in the motion-capture suits.</li>
</ul>
Other than the physical requirements, there didn't seem to be any additional qualifications required to apply for the job.&nbsp;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">Compensation and Benefits</h2>
Though the demands are rigorous, many were enticed by <a href="https://www.benzinga.com/24/12/42287471/delaware-judge-rejects-musks-56b-pay-package-again-heres-whats-coming-next">Tesla's compensation package</a>. The hourly rate ranged from $25.25 to $48, translating to about $4,000 to $7,500 per month, depending on hours worked and overtime. Employees would also receive a comprehensive benefits package, which includes:
<ul>
<li>Health, dental and vision insurance with $0 paycheck deductions.</li>
<li>A 401(k) plan with employer match.</li>
<li>Stock awards and bonuses.</li>
<li>Paid sick and vacation time.</li>
</ul>
This combination of pay and benefits made the role particularly appealing to tech enthusiasts and robotics fans.
<h2 class="wp-block-heading">Optimus: Tesla's Vision for the Future</h2>
This Data Collection Operator role is an integral part of development for Tesla's Optimus robot. The bot was unveiled in 2021 with a goal of handling unsafe, repetitive tasks, both in factories and eventually in homes. <a href="https://www.benzinga.com/startups/24/11/41704205/elon-musk-says-we-can-cut-2-trillion-out-of-the-harris-biden-budget-and-that-americans-money-is-bein">Elon Musk</a> envisions a future where robots like Optimus become as common as cars, helping with everything from carrying groceries to serving drinks at parties.
During Tesla's annual shareholder meeting in June, Musk said that he anticipated the bots being able to perform factory tasks in 2024 and to be available for external sales starting at the end of 2025. However, it appears that at least one may have already sold.&nbsp;
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a>
Kim Kardashian recently took to social media, sharing <a href="https://x.com/Teslaconomics/status/1858624984920584611">videos</a> of her Tesla robot hula dancing and blowing kisses, as well as photos of her holding its hand on her Instagram.&nbsp;
Musk also suggested during the shareholder meeting that the robot market could surpass the $25 trillion mark, dwarfing the market potential of autonomous vehicles. Already, Optimus prototypes are being tested in Tesla's Fremont factory, performing tasks such as moving materials along the production line.
<h2 class="wp-block-heading">A Job on Pause?</h2>
While Tesla initially attracted widespread interest with this role, it appears the company has stopped accepting applications. Whether the company filled the position or shifted its testing approach remains unclear.
As Tesla continues to refine <a href="https://www.benzinga.com/news/24/10/41376564/tesla-showcases-optimus-autonomous-navigation-charging-abilities-after-admitting-they-were-human-ass">Optimus</a> and its manufacturing processes, more roles like the Data Collection Operator may emerge. For now, this unique job opportunity provides a glimpse into Tesla's innovative approach to developing technology that could redefine industries – and daily life – as we know it.
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
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Startups

Elon Musk's Crazy New Job Pays Up To $7,500 A Month – But You'll Be Walking In VR for 8 Hours A Day

Dominion Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) short percent of float has risen 12.09% since its last report. The company recently reported that it has 17.06 million shares sold short, which is 2.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Dominion Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733930116_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Dominion Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Dominion Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Dominion Energy's peer group average for short interest as a percentage of float is 2.65%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(D) - Analyzing Dominion Energy's Short Interest

Ball's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>) short percent of float has risen 15.38% since its last report. The company recently reported that it has 6.64 million shares sold short, which is 2.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.89 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ball Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733930111_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ball has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ball's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ball's peer group average for short interest as a percentage of float is 3.54%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

BALL

Looking Into Ball's Recent Short Interest

BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) has outperformed the market over the past 20 years by 5.72% on an annualized basis producing an average annual return of 14.18%. Currently, BlackRock has a market capitalization of $158.77 billion. 
Buying $100 In BLK: If an investor had bought $100 of BLK stock 20 years ago, it would be worth $1,391.97 today based on a price of $1071.82 for BLK at the time of writing.
<h3>BlackRock's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733930108_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

Morpheus, a decentralized platform for deploying AI-driven &#8220;Smart Agents,&#8221; has launched a $20 million reward program <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40752428/crypto-set-to-dominate-ai-payments-bernstein-says">for compute providers.</a>
The initiative, announced following the rollout of Morpheus&#8217; compute smart contracts to the mainnet, is part of the platform&#8217;s efforts to incentivize contributions to its decentralized AI ecosystem.
The rewards, distributed in the platform's native token, MOR, are designed to encourage compute providers hosting AI large language models (LLMs) to support the network, according to a release shared with Benzinga.
The (CRYPTO: MOR) token, which is currently traded on platforms like Aerodrome, Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>), and CoinEx, also entitles holders to a share of the network&#8217;s daily compute operations. 
With over 5,000 token holders, Morpheus aims to sustain and expand its decentralized community.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42433831/bitcoin-to-200000-ethereum-to-7000-solana-to-750-in-2025-predicts-bitwise">Bitcoin To $200,000, Ethereum To $7,000, Solana To $750 In 2025, Predicts Bitwise</a>
David Johnston, an open-source contributor to Morpheus said that what Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) did for smart contracts, Morpheus is now doing for smart agents. 
&#8220;This decentralized platform empowers a new generation of builders to operate without centralized constraints," Johnston said.
He further said the reward program aligns with Morpheus&#8217; broader goal to create a balanced and self-sustaining ecosystem where contributors—whether they provide compute resources, develop code or invest capital—are fairly compensated.
 Johnston said the platform operates on a fair-launch tokenomics structure to ensure equitable participation and long-term sustainability.
By leveraging a decentralized network, Morpheus seeks to improve AI compute allocation and offer features like decentralized AI data routing, censorship-resistant access to personal AIs and crypto payments for AI services.
The platform integrates multiple AI functionalities, including marketplaces and image generation tools.
Morpheus&#8217; community has been built through collaboration with developers and partners, including names like Lumerin and Akash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">AKT</a>). 
These partnerships aim to drive the adoption of decentralized AI applications in various sectors, from finance to personal productivity.
While the $20 million incentive signals Morpheus' ambition, the platform operates in a competitive space where decentralized AI applications must prove their scalability and usability. 
Critics of decentralized AI systems often point to challenges such as network efficiency and adoption hurdles among traditional industries.
However, with its modular design and focus on decentralization, Morpheus aims to differentiate itself. Johnston emphasized that the platform's approach is to create a neutral space for innovation. 
"Morpheus ensures that these agents are built in the most effective way possible, through a decentralized and distributed community," he said.
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Morpheus Launches $20 Million In Rewards For AI Compute Providers

Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) Board of Directors approved a new share repurchase program of up to $9 billion in Class A common stock, effective January 1, 2025, and lasting until December 31, 2027.
This new authorization will replace the current $6 billion program, of which approximately $2.8 billion remains and would otherwise expire at the end of 2025.
Dividend: The Board of Directors also declared a quarterly dividend of 47 cents per share of Class A common stock.
The dividend will be payable on January 14, 2025, to shareholders of record as of the close of business on December 31, 2024.
Earlier in July, Mondelez raised its quarterly dividend by 11%, from 42.5 cents<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40078219/mondelez-analysts-boost-their-forecasts-after-upbeat-earnings" rel="noreferrer noopener"> to 47 cents per share</a>.
Chairman and CEO Dirk Van de Put said, &#8220;Our new $9 billion share repurchase authorization reflects the strength of our business with robust profit dollar and cash flow growth to reinvest in brands and capabilities while also returning significant capital to our shareholders.&#8221;
&#8220;We continue to make significant progress against our strategy of accelerating growth and focusing our portfolio in the attractive, resilient categories of chocolate, biscuits and baked snacks.&#8221;
With 2023 net revenues of approximately&nbsp;$36 billion, Mondelez holds iconic global and local brands such as&nbsp;Oreo,&nbsp;Ritz, LU, Clif&nbsp;Bar&nbsp;and&nbsp;Tate&#8217;s Bake Shop&nbsp;biscuits and baked snacks, as well as&nbsp;Cadbury Dairy Milk,&nbsp;Milka&nbsp;and&nbsp;Toblerone&nbsp;chocolate.&nbsp;
Investors can gain exposure to the stock via&nbsp;First Trust Nasdaq Food &amp; Beverage ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXG#NASDAQ">FTXG</a>) and iShares U.S. Consumer Staples ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYK#NYSE">IYK</a>).
Price Action: MDLZ shares are up 3.77% at $64.08 at the last check Wednesday.
Read Next:
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Photo by Achmad Agus Ilyas via Shutterstock.

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Snacks Giant Mondelez Unwraps $9 Billion Stock Buyback Plan; Stock Gains

On Wednesday, Mobileye Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) announced <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42434908/mobileye-to-use-innoviz-lidars-for-its-mobileye-drive-av-platform" rel="noreferrer noopener">it will leverage</a> Innoviz Technologies Ltd&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVZ#NASDAQ">INVZ</a>) LiDARs for the Mobileye Drive platform, which enables mobility service providers and vehicle manufacturers to make robotaxis, ride-pooling, public transport, and goods delivery fully autonomous.
The deal was built upon mutual work between the two companies over the past few months, and production will begin in 2026. Innoviz Technologies stock picked up after the update.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42434183/photronics-q4-earnings-beats-expectations-ceo-credits-strong-us-sales-2025-backed-by-ai-edge-computing-and-supply-chain-trends" rel="noreferrer noopener">Photronics Q4 Earnings: Beats Expectations, CEO Credits Strong US Sales, 2025 Backed By AI, Edge Computing, And Supply Chain Trends</a>
The Mobileye Drive driverless system testing is underway in&nbsp;Europe,&nbsp;North America, and&nbsp;Asia.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11092247/newplot-9.png" alt="" class="wp-image-687524" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11092247/newplot-9.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11092247/newplot-9-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
By leveraging Innoviz&#8217;s expertise in LiDAR technology, in addition to cameras, radars, and imaging radars, vehicles built with the Mobileye Drive platform will deliver safe and smooth driving performance in their operational domains.
Mobileye CEO Prof.&nbsp;Amnon Shashua expects integrating its imaging radars and high-resolution cameras with the Innoviz LiDARs to be pivotal in delivering Mobileye Drive as a powerful autonomous driving system that will ultimately create safer, more efficient, and reliable transportation.
Innoviz Technologies CEO and co-founder Omer Keilaf expects the deal to vouch for Innoviz&#8217;s capability to meet the stringent requirements of OEMs worldwide and support L4 driving solutions.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/11/42028797/tesla-soars-over-5-in-overnight-trading-as-trump-administration-reportedly-seeks-to-ease-fsd-norms" rel="noreferrer noopener">Recent reports indicated</a> President-elect&nbsp;Donald Trump is exploring easing regulatory norms for fully self-driving vehicles.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;chief Elon Musk, co-lead of Trump&#8217;s planned Department of Government Efficiency (DOGE) advisory board, had promised to canvass the government to enable the adoption of autonomous vehicles nationwide.
Last week, Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) launched <a target="_blank" href="https://www.benzinga.com/24/12/42363171/uber-and-weride-come-together-to-launch-robotaxi-service-in-abu-dhabi" rel="noreferrer noopener">robotaxi service in Abu Dhabi</a>, implying Uber&#8217;s debut of autonomous vehicles in its platform beyond the U.S. It marks the largest commercial robotaxi service outside the U.S. and China.
Alphabet Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;Waymo, Baidu Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and Tesla Inc&nbsp;(NASDAQ: TSLA) remain invested in their autonomous vehicle ambitions.
Price Actions: INVZ stock is up 6.08% at $0.72 at last check Wednesday. MBLY is up 0.18%.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42421148/aurora-innovation-set-to-lead-trucking-revolution-analyst-says" target="_blank" rel="noreferrer noopener">Aurora&#8217;s Self-Driving Trucks Poised for Growth, Analyst Forecasts Considerable Upside</a></li>
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Innoviz Technologies Secures LiDAR Supply Deal With Mobileye

RBC Capital analyst Steven Shemesh maintains Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Outperform and lowers the price target from $22 to $21.

RBC Capital Maintains Outperform on Albertsons Companies, Lowers Price Target to $21

<a href="https://www.sportsbusinessjournal.com/Articles/2024/12/11/nfl-nike-uniform-extension" title="https://www.sportsbusinessjournal.com/Articles/2024/12/11/nfl-nike-uniform-extension">https://www.sportsbusinessjournal.com/Articles/2024/12/11/nfl-nike-uniform-extension</a>

Nike And NFL Sign 10-Year Extension To Uniform Deal Starting In 2025; Agreement Includes International Promotion Of American Football And Research On Injury Prevention; Financial Terms Not Disclosed

Wells Fargo analyst Larry Biegelsen maintains Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) with a Overweight and raises the price target from $549 to $630.

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